Tuesday 22 September 2015

2pm update - the 1940s still viable

US equities have broken a new intra low of sp'1929... but still look vulnerable to clawing back into the 1940s.. before renewed weakness into the close. Broadly.. the 1860/20 zone looks a given by end month.. which should equate to VIX 40/45.


sp'15min



vix'15min


Summary

Little to add.

The smaller 15min cycle remains offering the 1940/45 zone in the 2pm hour.

Frankly, that is probably the best short-level I expect right now... and I'll likely get heavily involved this hour.

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Updates across the rest of the day.. not least if I start hitting buttons.
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2.18pm.. sp '1934.... still time for 1943/45 or so....
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2.25pm.. notable rebound in Oil... almost net higher. Someone buying from 1.30pm onward. 

2.34pm.. sp'1937....  best guess 1941/43... then stuck.

standing by.